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News > Deals
Avnet to acquire Marshall
June 28, 1999: 11:14 a.m. ET

Electronics component companies in cash-stock-debt deal worth $830M
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NEW YORK (CNNfn) - Avnet Inc. will acquire Marshall Industries for about $830 million in stock, cash and debt, the electronics component companies announced Monday.
     Phoenix-based Avnet said it will divide the stock and cash component of the deal equally, and will assume $160 million of El Monte, Calif.-based Marshall's debt.
     Both firms' boards of directors have approved the deal and, assuming they get the go-ahead from shareholders and regulators, the deal is expected to be completed in about three months.
     As part of its Marshall acquisition, Avnet will also get a 16 percent ownership interest in Eurotronics BV, a Netherlands-based electronic components distributor. Avnet is currently discussing buying the remaining 84 percent from Sonepar Electronique International.
     In mid-morning trading, Avnet (AVT) fell 2-3/16 to 45-5/8 while Marshall (MI) leapt 15-3-1/6 to 35-5/16. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.